What to Expect From the December U.S. Jobs Report

The transcript discusses the changing economic relationships, particularly focusing on the Phillips curve and its relevance in 2018. It explores the potential for wage pressures to influence inflation and the impact of rising commodity prices. The discussion highlights inflation as a lagging economic indicator, with predictions for its future behavior.

What does Jim Bullard suggest about the relationship of the Phillips curve in the current economic cycle?

How does Jim Bullard describe the potential impact of labor scarcity on wages?

According to Jim Bullard, what is the relationship between inflation and income inflation?

What factors does Jim Bullard believe will influence inflation in the near future?

What does Jim Bullard mean by saying that inflation is a lagging economic indicator?